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Rating Reports

Our comprehensive in-depth reports deliver expert insights into the regulatory, compliance, technology, and economic aspects of diverse digital assets across global jurisdictions.

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Rating Actions

Fixed Income

May 13, 2025

Particula Rating Action: Anemoy ($JTRSY), May 2025

Particula has upgraded the rating of the Janus Henderson Anemoy Treasury Fund ($JTRSY) token from A+ to AA+ as of May 7, 2025.*

Rating Abstracts

Fixed Income

Mar 18, 2025

Particula Rating Abstract: Blockstream Mining Note (BMN2), March 2025

Particula assigns an AA- rating to the issuance of the Blockstream Mining Note (BMN2) token by Blockstream Mining as of March 5, 2025.*

Rating Reports

Fixed Income

Feb 17, 2025

Particula Rating Report: Wellington ($ULTRA), February 2025

Particula assigns an AA+ rating to the issuance of the Delta Wellington Ultra Short Treasury On-Chain Fund token ($ULTRA) by Delta Master Trust as of February 17, 2024.*

Rating Abstracts

Fixed Income

Jan 27, 2025

Particula Rating Abstract: SPIKO ($USTBL), January 2025

Particula assigns an AA rating to the issuance of the USTBL token by Spiko SICAV as of January 22, 2025.*

Rating Abstracts

Fixed Income

Nov 5, 2024

Particula Rating Abstract: Backed ($bIB01), September 2024

Particula assigns an A rating to the issuance of the bIB01 $ Treasury Bond 0-1 yr token by Backed as of September 18, 2024.*

Rating Reports

Fixed Income

Oct 1, 2024

Particula Rating Report: Anemoy ($LTF), September 2024

Particula assigns an A+ rating to the issuance of the Liquid Treasury Fund 1 ($LTF) token by Anemoy as of September 9, 2024, with a positive outlook.*

Latest News & Insights

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Particula & Keel: $2.5B Solana RWA Regatta | Digital Asset Ratings

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Press Releases

Dec 11, 2025

Particula Selected To Co-Structure RFP and Provide Independent Ratings for Keel's $500M Regatta Program

Abu Dhabi, UAE – December 11, 2025 – Particula, the leading rating provider for digital assets, today announced its collaboration with Kinetika Research on the 500M Keel Solana Tokenization Regatta.

Enzyme & Particula: Risk-Rated Onchain RWAs | Tokenized Finance

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Press Releases

Dec 15, 2025

Particula and Enzyme Announce Strategic Partnership to Advance Risk Assessment Standards for Tokenized Assets & Vaults

Andrew Wong Leads GRADE | Future of Tokenized Finance

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Press Releases

Nov 12, 2025

Letter from Andrew Wong, the Global Regulated Asset & Digital Exchange Alliance (GRADE) New Executive Director

I’m honored to announce that I’ll be serving as the inaugural Executive Director of the Global Regulated Asset & Digital Exchange Alliance (GRADE).

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